Editor's PiCK

Pokémon cards also on the blockchain… Tokenized transactions surge fivefold

Source
Doohyun Hwang

Summary

  • As of August, tokenized Pokémon cards transaction volume was 124.5 million dollars, a 5.5-fold increase from January.
  • CollectorCrypt's token 'CARDS' rose tenfold after launch and shows the potential to generate about 38 million dollars in annual revenue.
  • Experts predict that the blockchain-based on-chain real-world assets (RWA) market could emerge as a new investment area.
photo=CollectorCrypt homepage
photo=CollectorCrypt homepage

According to ACJ, an analyst at crypto research firm Messari, tokenized Pokémon card transaction volume in August reached 124.5 million dollars. This is 5.5 times higher than in January of this year. Of these, the largest platform Courtyard recorded 78.4 million dollars, and the Solana (SOL)-based marketplace CollectorCrypt followed with 44 million dollars. The relatively smaller Phygitals also recorded 2 million dollars, a 245% month-over-month growth.

Experts say this trend could be an inflection point for blockchain-based real-world assets (RWA). Danny Nelson, a Bitwise analyst, said, "The Pokémon card market is already worth billions of dollars but largely remains offline," adding, "Tokenization opens up new possibilities such as global instant trading, gamified mechanisms, and virtual asset-based revenue models."

photo=CoinGecko
photo=CoinGecko

In this market, CollectorCrypt's growth stands out. Its token 'CARDS' rose tenfold in less than a week after launch and shows the potential to generate about 38 million dollars in annual revenue. Some investors are buying in, expecting part of these revenues to be used for token buybacks. On the 4th (local time), CARD was trading at 0.1774 dollars according to CoinGecko.

CollectorCrypt's 'Gacha machine' is a slot-machine-style service that dispenses random Pokémon cards. It recorded 16.6 million dollars in sales within a week of launch, demonstrating explosive demand, but demand has far outstripped supply, leading to sell-outs.

Foreign media DailyCoin said, "Tokenized Pokémon cards show that blockchain can create entirely new markets beyond simply digitizing existing assets," and predicted, "If this trend continues, the collectibles market is likely to become the next battleground for on-chain real-world assets (RWA)."

publisher img

Doohyun Hwang

cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
What did you think of the article you just read?